What are the tax incentives?
Currently the Canada Revenue Agency offers Accelerated Capital Cost Allowance for Renewable Energy Generation Equipment (Class 43.1).

Class 43.1 provides an accelerated rate of write-off (50 per cent per year, on a declining balance basis) for investments of renewable energy generation equipment. This class will apply to eligible investments that occur on or after February 23, 2005 and before 2012 (90% write-off in the first 4 years).

The purpose of Class 43.1 is to assist such investments by allowing businesses to write-off the capital cost of these assets at a rate faster then would be the case if the costs were written-off over the useful life of the assets, thus improving the after-tax rate of return on these investments. Click here for more information.

Are there any grants available?
Yes there are grants available, but at the moment thay are for making your home more energy efficient. Click here for more information.

The city of Medicine Hat is offering up to $10,000 in incentives for 75 resedential lots: The Land and Properties department will hold special pre-lotteries to choose the lots that will participate in the initiative. $1,000 for Built Green bronze certification, 50 percent of the installed cost of a solar water heating system to a maximum of $3,000, and 50 percent of the cost associated with a micro generation installation to a maximum of $6,000. Click here for more information.